Tag Archives: Pernod Ricard

French spirits group Pernod Ricard on Thursday reported a 13% lift in profit for the full-year ended June 2017. The company said that profit rose to €1.4bn ($1.65bn) on the back of a €9bn sales growth.

The maker of Jameson Irish Whiskey and Absolut vodka said that the good performance was fueled by strong growth in the U.S., an improvement in China, tight cost control and by innovation, which it describes as new products or variations of existing brands, like Absolut Lime vodka or Jameson Black Barrel.

Pernod Ricard, the world’s second-biggest spirits maker on Thursday reported a revenue growth of 3% for the first 9-months of its 2016/17 financial year.

The company behind such brands as Absolut vodka, Jameson Irish Whisky and Martell cognac said that sales for the 9-months ending March 31 reached €7.04bn, from €6.8bn in the same period last year. The third quarter alone saw a 3% rise in sales to €1.987bn ($2.13bn). The spirits maker said that sales were driven by a 7% growth in the Americas, with the United States accounting for 5% of the growth. Brands such as Jameson Irish Whisky, Martell cognac and Altos tequila recorded double-digit sales growth, although, it notes that its Absolut vodka brand was in decline in the United States but there was a strong reception for Absolut Lime in that country.

French wine and spirits group Pernod Ricard said on Thursday that half-year sales for 2016/2017 financial year rose 2% to €5.06bn ($5.40bn), driven by continued success of its flagship Jameson Irish whiskey in the United States and a return to sales growth in China, helped by its Martell cognac.

French spirit maker Pernod Ricard on Thursday reported a 1% sales growth in Q1 2016/2017 fiscal year to €2.248bn, from €2.223bn recorded a year earlier.

The maker of Chivas Regal Scotch Whisky, Malibu rum, among others said that growth was driven by strong demand for its Jameson Irish Whisky in the United States. According to the American Distilled Spirits Council, Irish whiskey was the fastest-growing spirits category in the U.S. last year, climbing 16% or almost twice the pace of bourbon.

The world’s biggest spirit companies this week gathered in London to help launch The Alcohol Information Partnership (AIP), whose aim is to ensure the debate around alcohol and its misuse remains balanced.

Beefeater London dry gin, the iconic brand from London, England is getting a new look to celebrate the city where it was founded. The brand which dates back to the 19th century is produced in South London and will now feature a hand-drawn map of the city to reflect how the gin continues to be made at its distillery in Kennington, South London.

The map will also capture iconic landmarks in the British capital. The new stylized bottle will also now feature a signature of the founder, James Burrough.

The update, which is as a result of consumer research in countries including Spain and the United States will be applied across all markets starting this month.

Nigeria’s spirit market is worth $2bn and growing at 6-per cent on average per year. That was the assessment of a recently published report by the United States Department of Agriculture (USDA) in their Global Agricultural Information Network (GAIN).